Favorable News Coverage Somewhat Unlikely to Impact Elevate Credit (ELVT) Stock Price

News articles about Elevate Credit (NYSE:ELVT) have been trending positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Elevate Credit earned a media sentiment score of 0.40 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.6196275995785 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

ELVT has been the subject of a number of analyst reports. Maxim Group cut their price target on shares of Elevate Credit from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, February 12th. UBS initiated coverage on shares of Elevate Credit in a research note on Tuesday, March 27th. They set a “buy” rating and a $10.50 price target for the company. Zacks Investment Research upgraded shares of Elevate Credit from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Monday, February 5th. BTIG Research cut shares of Elevate Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Finally, JMP Securities initiated coverage on shares of Elevate Credit in a research note on Tuesday, December 12th. They set an “outperform” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Elevate Credit currently has an average rating of “Buy” and an average target price of $10.18.

Shares of NYSE ELVT traded up $0.14 during mid-day trading on Thursday, hitting $7.41. 60,444 shares of the stock were exchanged, compared to its average volume of 151,727. The firm has a market cap of $300.55 and a price-to-earnings ratio of 46.56. Elevate Credit has a twelve month low of $5.90 and a twelve month high of $9.48.

Elevate Credit (NYSE:ELVT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.14). The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $194.10 million. Elevate Credit had a positive return on equity of 6.84% and a negative net margin of 1.03%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. research analysts expect that Elevate Credit will post 0.73 earnings per share for the current year.

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About Elevate Credit

Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.

Insider Buying and Selling by Quarter for Elevate Credit (NYSE:ELVT)

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